An Online Intelligence Test Yields a Different IQ Each Time

question 71

Multiple Choice

An online intelligence test yields a different IQ each time you take it. The test is __________.

• A) possibly reliable, but definitely not valid
• B) not reliable, and probably not valid either
• C) not reliable, but still possibly valid
• D) still possibly reliable, and still potentially valid

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Definitions:

Marginal Cost

The increase in total cost that arises from producing one additional unit of a good or service.

Total Revenue

The total amount of income generated by the sale of goods or services before any expenses are subtracted.

Nash Equilibrium

A situation in game theory where each player’s strategy is optimal given the strategies of all other players, resulting in a stable outcome.

Marginal Cost

The cost of producing one more unit of a good or service, crucial for decision-making in business operations and pricing.